Businesses for Sale

Heavy Construction, Other Building & Construction, Industrial & Commercial Machinery, Other Manufacturing, Other Transportation & Storage

Steel Fabrication Erecting biz. Grow with Automation $3.8 M Profit

Cook County, Illinois, United States

Asking Price

$17.50m

Revenue

$10.63m

EBITDA

$3.83m

Cash Flow

$3.83m

Description

Highly profitable 34 year business, run by old school operator the old fashioned way.

Seller has plans to 4x both sales & capacity; but, his partner does not have the energy to do it-so he needs a buyer to see this fulfilled.

((Includes 5+M of receivables, all inventory, 3M of real estate, includes everything ))

Seller just purchased land next door to make it happen; they are always busy with the work they can produce. Buyer could add a night shift, by asking existing supervisor oversee production. Employees very happy and enjoy their jobs.

Seller will stay on -indefinitely- for the right fit, reducing his role to sales and assisting buyer to 4x sales & capacity.

Seller immigrated to the US, started as a line worker, no education, but learned the business and expanded. Every one of the 3 expansions he did, filled the void within months at the new expansion capacity.

Seller is old school; a buyer who can automate this company, will yield tremendous payback as well.

Business Includes everything. Receivables, Work in progress, Real Estate, business, inventory, large cranes and other large machines, able to cut, fabricate, transport, erect and install new structures that endure.

The new economy will need lots of steel production. Can you grow together in the next new wave of manufacturing?

Real Estate

$3m

Included in Asking Price

Building Size: 21000 sq. ft.

Furniture Fixtures & Equipment

$2.10m

Inventory

$900k

Included in Asking Price

Number of Employees

Full-Time: 17

Part-Time: 2

Year Established

1991

Reason Selling

Age & retirement

Facilities & Assets

Building, land, cranes, large grinding-cutting-moving-saws and more

Support & Training

30 days free with sale, Owner will stay on up to 1 year

Market & Competition

Growing

Growth Opportunities

Accept more bids, expand into anything needing manufacturing, fabrication and steel usage and/or erection

Financing Options

Conventional, seller may hold b/t 5-10% note

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Listing ID ⬇

2371897

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